$IOST /USDT – BEARISH MOVE LIKELY AHEAD
Technical Analysis:
The current price of $IOST/USDT is $0.003631, showing a -4.35% drop in the last 24 hours. The chart suggests a bearish trend forming on the 4H timeframe, with momentum fading after multiple rejections at resistance.
Key Levels:
Resistance Levels:
$0.00382 – Major resistance (24h high)
$0.00375 – Minor rejection zone
Support Levels:
$0.00357 – Immediate support (24h low)
$0.00350 – Strong psychological support
Current Price: $0.003631
Price is currently hovering near support, and if this level breaks, a continuation to the downside is likely.
Trade Setup – SHORT ENTRY:
Entry: $0.00362 – $0.00363
Stop Loss (SL): $0.00376 (Above last minor resistance)
Targets (TP):
TP1: $0.00357
TP2: $0.00350
TP3: $0.00342
Confirmation on 4H close below $0.00360 would strengthen the setup.
Risk Management Tip:
Risk only 1–2% of your capital. Always use SL. Stick to your trading plan, and don’t chase losses. Discipline wins over emotions!
Trade safe. Bear in control for now!#BTCWhaleTracker #BTC120kVs125kToday #BTC120kVs125kToday #StrategyBTCPurchase #Write2Earn $IOST